KP Green Engineering IPO Complete Details: Subscription Dates, Price Band, Lot Size, and How to Apply

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Simran Kaur
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KP Green Engineering IPO

KP Green Engineering is ready to launch their IPO, Initial Public offering to raise funds of Rs 189.5 crores. They are going private to the public in the IPO market. The IPO Subscription will be live from 15 March to 19 March. They are selling 1,31,60,000 equity shares at a price band of ₹137-144 per equity share by which they are aiming  Rs 189.5 crores. It is one of the biggest SME public issues in the Indian stock market.

KP Green Engineering is a company that manufactures fabricated and hot-dip galvanized glass products. It is the parent company among all the existing companies of the group. It was established in July 2001. From 2001, they worked on various products like Lattice tower structures, Substation Structures, Solar Module Mounting Structures, Cable trays, Earthing strips, and Beam Crash Barriers. It is one company which deals in end-to-end solutions by providing in-house fabrication. This company is situated in Vadodara, Gujarat in 200,000 sq. ft. It is also an ISO 9001: 2015 certified company.

Overview of KP Green Engineering IPO

  • From being private to public, the IPO issued up to 13.16 million shares with any sale offer. KP Green Engineering aims to raise 189 crores in the public market.

  • The IPO subscription of KP Green Engineering will be open from March 15 to March 19, where investors can invest to get KP Green Engineering IPO Shares.

  • The price band for the IPO is set at 137-144 Rs per equity share. This is the price range, exact price will depend on the number of investors.

  • KP Green Engineering is planning to use the raised amount to build a new manufacturing sector. They are planning to use 156.1 crores out of the total raised fund in the new establishment. The remaining fund will be used for the general corporate purpose, the company’s strategy, expanded business and overall growth opportunity. All the companies work on this format. They use IPOs to raise funds for the company’s expansion.

KP Green Engineering IPO Timeline

  • IPO Open Date – Friday, March 15, 2024

  • IPO Close Date – Tuesday, March 19, 2024

  • Basis of Allotment – Wednesday, March 20, 2024

  • Initiation of Refunds – Thursday, March 21, 2024

  • Credit of Shares to Demat – Thursday, March 21, 2024

  • Listing Date – Friday, March 22, 2024

  • Cut-off time for UPI mandate confirmation – 5 PM on March 19, 2024

KP Green Engineering IPO Lot Size

Investors can bid for a minimum of 100 shares at a time. Check out more details.

  • For Retail (Min) Application: The lot size of 1 for 1000 shares for 144000 amount.

  • For Retail (Max) Application: The lot size of 1 for 1000 shares for 144000 amount.

  • For HNI (Min) Application: The lot size of 2 for 2000 shares for 288000 amount.

How To Apply For Kp Green Engineering Ipo?

If you’re interested in investing in the KP Green Engineering IPO Shares, then follow the steps-

Research and Understand IPO: Before applying for the IPO, it is important to understand the KP Green Engineering companies, its business, its financial status, IPO details like issue size, price band, subscription period, etc.

Open Demat Account: You need a Demat Account to apply for the IPO shares of any company. Register yourself on the  Demat account with a registered Depository Participant (DP), if you don’t have an account. Active your account and complete KYC verification.

UPI ID: To apply for KP Green Engineering IPO online, it needed the Unified Payments Interface(UPI) mechanism. Link your UPI ID with your bank account. If you don’t have a UPI ID, then contact your bank and create one.

IPO Application Method: By ASBA (Application Supported by Blocked Amount) or Non-ASBA method, you can apply for the KP Green Engineering IPO Shares. Well, most investors like to go with the ASBA method because it blocks the funds in the bank until IPO Allotment(1 week after the subscription period).

IPO Application Form: Log in to your account and provide necessary details like investor information, bid quantity, price, and UPI ID. Make sure every detail is filled carefully.

Submit request: After filling out the IPO Application Form, review the details and submit the application. You cannot alter the bid after submitting the form. Remember, your funds get blocked after applying for the IPO allotment

Monitor IPO Share: Keep an eye on the  KP Green Engineering IPO subscription status through the stock exchange websites or financial news portals. It usually takes one week.

Await Allotment and Listing: Within some days,  KP Green Engineering will finalize the allotment of shares as per the subscription demand. If shares are allotted to you, then shares will be credited to your account. If not, your blocked amount will be released that you can use to purchase other’s IPO shares.

IPO Structure and Process

Issue Structure: For a fair and transparent allocation procedure, a portion of the net issue will be distributed to qualified institutional purchasers, retail individual investors, and non-institutional investors. The whole process was done through the book-building process of the IPO.

Registrar and Lead Manager: Bigshare Services Private Limited is the issue register for KP Green Engineering, and its lead manager is Beeline Capital Advisors Private Limited. This shows the company’s dedication to a smooth and well-managed initial public offering (IPO) procedure.

KP Green Engineering IPO is a good opportunity for investors to invest their funds in them. Moreover, companies can build a strong financial performance in the market for company growth or the company’s expansion plan.

FAQs:-

  1. What is KP Green Engineering IPO?
    KP Green Engineering IPO is the initial public offering of the company’s shares to raise funds from the public investors.
  2. When is the IPO subscription period for KP Green Engineering?
    The IPO subscription for KP Green Engineering is from March 15 to March 19, 2024.
  3. What is the price band for KP Green Engineering IPO?
    The price band for KP Green Engineering IPO is set at ₹137-144 per equity share.
  4. How much fund is KP Green Engineering aiming to raise through the IPO?
    KP Green Engineering aims to raise ₹189.5 crores through the IPO.
  5. What will KP Green Engineering use the raised funds for?
    The company plans to utilize ₹156.1 crores for building a new manufacturing sector and the remaining amount for general corporate purposes.
  6. What is the lot size for retail investors in KP Green Engineering IPO?
    Retail investors can bid for a minimum of 100 shares, with a lot size of 1 for 1000 shares.
  7. How can I apply for KP Green Engineering IPO?
    You can apply for KP Green Engineering IPO by opening a Demat account, linking your UPI ID, and submitting the IPO application form online.
  8. Who is the registrar for KP Green Engineering IPO?
    Bigshare Services Private Limited is the registrar for KP Green Engineering IPO.
  9. What is the IPO application method for KP Green Engineering?
    Investors can apply for KP Green Engineering IPO through ASBA (Application Supported by Blocked Amount) or Non-ASBA method.
  10. When will the shares be credited to my Demat account after IPO allotment?
    Shares will be credited to your Demat account within a few days after the IPO allotment process is completed.

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